Supervisory Information (Trust and Loan Companies) Regulations
SOR/2001-55
Registration 2001-01-30
Supervisory Information (Trust and Loan Companies) Regulations
P.C. 2001-136 2001-01-30
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 503.1Footnote a and paragraph 531(a) of the Trust and Loan Companies ActFootnote b, hereby makes the annexed Supervisory Information (Trust and Loan Companies) Regulations.
Return to footnote aS.C. 1999, c. 28, s. 144
Return to footnote bS.C. 1991, c. 45
Prescribed Supervisory Information
1 (1) For the purposes of section 503.1 of the Trust and Loan Companies Act, the following information or any component of that information, is prescribed supervisory information in relation to a company:
(a) any rating assigned by the Superintendent to the company to assess its financial condition and any other such rating that is substantially based on information obtained from the Superintendent;
(b) any stage of intervention assigned to the company under the Guide to Intervention for Federal Financial Institutions;
(c) any order made in respect of the company under subsection 473(3) of the Trust and Loan Companies Act, any prudential agreement entered into by the company under section 506.1 of that Act or any direction issued to it under section 507 of that Act;
(d) any report prepared by or at the request of the Superintendent or any recommendation made by the Superintendent as a result of an annual or special examination or other supervisory review of the company, including any related correspondence to or from the directors or officers of the company; and
(e) [Repealed, SOR/2011-196, s. 33]
(f) any category in which the company is classified under the Canada Deposit Insurance Corporation Differential Premiums By-law and any premium rate assigned to it and any annual premium determined for it under that By-law.
(2) For the purposes of section 503.1 of the Trust and Loan Companies Act, the information prescribed by the following regulations is prescribed supervisory information in relation to an affiliate of a company:
(a) the Supervisory Information (Banks) Regulations, if the affiliate is a bank to which the Bank Act applies;
(b) the Supervisory Information (Authorized Foreign Banks) Regulations, if the affiliate is an authorized foreign bank to which the Bank Act applies;
(c) the Supervisory Information (Cooperative Credit Associations) Regulations, if the affiliate is an association to which the Cooperative Credit Associations Act applies;
(d) the Supervisory Information (Insurance Companies) Regulations, if the affiliate is a company, society, foreign company or provincial company to which the Insurance Companies Act applies;
(e) the Supervisory Information (Bank Holding Companies) Regulations, if the affiliate is a bank holding company to which the Bank Act applies; and
(f) the Supervisory Information (Insurance Holding Companies) Regulations, if the affiliate is an insurance holding company to which the Insurance Companies Act applies.
- SOR/2001-485, s. 1
- SOR/2011-196, s. 33
Prohibited Disclosure
2 Subject to sections 3 and 4, a company shall not, directly or indirectly, disclose information referred to in section 1.
- SOR/2011-196, s. 34
Limited Disclosure
3 A company may disclose information referred to in section 1 to its affiliates or to its directors, officers, employees, auditors, securities underwriters or legal advisors, or to those of its affiliates, if the company ensures that the information remains confidential.
- SOR/2011-196, s. 34
4 A company or any of its affiliates may disclose information referred to in paragraph 1(1)(c) if the company or affiliate considers the information to contain a material fact or material change that is required by the securities laws of the relevant jurisdiction to be disclosed.
- SOR/2011-196, s. 35(E)
Coming into Force
5 These Regulations come into force on the day on which they are registered.
- Date modified: